Seven more banks fail
With the failure of seven more banks last week, the number of banks seized by the FDIC this year has reached 106. It’s the first time since the depths of the savings-and-loan crisis in 1992 that more than 100 U.S. banks have failed in a single year.
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Newspaper circulation plunges
Daily newspaper circulation plunged 10.6 percent in the six months from April to September, compared with the year-earlier period. Over the previous six-month stretch, circulation fell 7.1 percent. The
Wall Street Journal, whose circulation rose 0.6 percent to 2 million, was the only large newspaper to report an increase.
Associated Press
Financial literacy among young adults
Fewer than one-third of young adults can calculate interest or define inflation. The young people most likely to be financially literate are college-educated males from families owning stocks and retirement savings.
The New York Times
"Maternity" leave for women without children
In Britain, where women are entitled to 39 weeks of paid leave after giving birth, 74 percent of women in a recent survey said that female workers without children should also be entitled to “maternity” leave.
Forbes.com
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How will the new Repayment Assistance Plan for student loans work?the explainer The Repayment Assistance Plan (RAP) will replace existing income-driven repayment plans
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In the Spotlight Venezuelan President Nicolás Maduro has been at odds with US forces
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Music reviews: Ethel Cain, Amaarae, and The Black KeysFeature "Willoughby Tucker, I'll Always Love You," "Black Star," and "No Rain, No Flowers"
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The bottom linefeature Sedentary habits keep rising; A new home for Twinkies; Taco Bell's new hit; Companies stretch the workweek; Women's wages still fall short
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The bottom line
feature Where to stash your cash; Facebook's tax refund; The value of old phones; The wealth of America's megabanks; Grateful alumni
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The bottom line
feature High cellphone taxes; Companies shore up pension funds; The bite of high gas prices; More dads stay home; Americans' scarce savings; Clorox sales hit a peak
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The bottom line
feature Taxi drivers with college degrees; Morgan Stanley's revealing nicknames; Sleep deprivation and lost productivity; A retreat for Barnes & Noble; Signs of a stabilizing economy
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The bottom line
feature Companies cut spending because of fiscal cliff; Administrative bloat and tuition costs; Market for new and existing homes improves; Annual federal deficit as share of GDP decreases; Federal rules for contracts get flouted
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The bottom line
feature No-growth small businesses; Swift sales for Taylor's new album; Predicting doctors' costs; Airlines face shortfall in qualified pilots; Will Japan slip into recession?
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The bottom line
feature Apple's corporate tax rate; A housing market still in the tank; Boeing's Dreamliner earns rave reviews; Billions owed in child support; Goldman Sachs trims its ranks
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The bottom line
feature No new jobs in August for small business; Lowest corn harvest in 17 years; Louboutin wins battle over red soles; The growing American lower class; U.S.'s competitive ranking drops; The expanding wealth gap